U.S. retail and food services sales rose more than expected for the fourth consecutive month in October, mainly spurred by a rise in auto and other motor vehicle dealer sales, a report from the U.S. Commerce Department stated.
* GBP/USD immediate target downside around 1.60, next 1.58
* Sterling hit by weak housing data while dollar awaits better sales figures
* US Fed's Lacker, Treasury's Brainard to speak on Monday
An event on Wednesday of high fashion in fusion with the high tech will test Google's foray into the world fashion.
US dollar strengthened across the board on Monday on expectations of good data signaling recovery, but investors are also cautious that any negative surprise could trigger market worries about more bond buyback by the Fed, sparking off the quantitative easing (QE3) talks.
Concerns over Europe's debt risks felled Australian and New Zealand dollars - Asia Pacific's major risky currencies - on Monday, while growing fears that China may raise rates further dampened the sentiment. Market is keen on any fresh developments from Europe, with many important EU officials, including Alex Weber of ECB, scheduled to speak on the first day of the Euro Finance Week held November 15-19 in Frankfurt, Germany.
Majestic Wine Plc, UK's largest wine warehouse chain, reported a 20 percent rise in first-half pretax profit as sales rose on substantial increase in active customers, and the company lifted its interim dividend by 17.9 percent to 3.3 pence.
Singapore's retail sales (seasonally adjusted) decreased 2.4 percent in September 2010 compared to August 2010, the Singapore Department of Statistics said in a statement.
For most, the word Wireless invokes various thoughts from accessing mails in a coffee shop to chatting with long distance friends on the touch or booking tickets at a go. Can anyone dream of Wireless Agriculture?
Sony and Microsoft are hoping their new motion sensor controllers help them surpass long-time industry champion Nintendo in the console race this holiday season.
Copper hit record highs in London and jumped to a 30-month high in New York on Thursday as strong Chinese data suggested higher demand for the metal by the world's biggest consumer.
The California Energy Commission has awarded more than $9.6 million in state funding to make components and biofuels required for manufacturing electric vehicles.
Following its annual tradition of celebrating the magical season of Christmas, Cincinnati-based Macy's Inc. on Tuesday announced a series of special events and displays for children and adults alike.
U.K. real estate investement trust Land Securities Group Plc swung to a pretax profit for the first half, helped by a valuation increase on its portfolio of 3.4 percent. Net assets per share rose 6 percent.
DLF Limited, India’s largest real estate company, said on Thursday its consolidated net profit fell 5 percent to 4.18 billion rupees for the second quarter as compared to 4.4 billion rupees for the same quarter last year.
Britain’s Prime Minister David Cameron and South Korean President Lee Myung-bak agreed to increase trade and investment between the two countries in a meeting prior to Thursday’s opening of the G-20 summit in Seoul.
Michael Yoshikami, president and chief investment officer of YCMNET Advisors in Walnut Creek, Calif. discusses what exactly QE is, why it may be needed and its potential impact.
Drug legalization could reduce government costs and raise tax revenues, but opponents worry over health and social ills
Gold retail purchases in the UAE dropped by nearly 15 percent during August as it coincides with Muslim holy month of Ramadan.
U.S. retailers posted sales that beat modest expectations in August as consumers sought out bargains during the key back-to-school selling season.
Global news leader International Business Times (IBTimes.com) and market research firm Forex Datasource announced the results of the 2010 FX Traders' Choice Awards during an award ceremony held in New York City on Aug 30, 2010.
Carrefour , Europe's top retailer, said the summer sales trend was mixed in Europe but demand was holding up in emerging markets and confirmed it expected operating profit to rise this year.
The retail FX industry is reaching puberty and it has brought a few million people to trading Forex over the past 10-12 years.
